Student Financial Services

Resource Options for Student/Family Responsibility

It is the responsibility of the student and his/her family to cover the Cost of Attendance.
Any aid that is or will be accepted from the Financial Aid Award will be applied against the Cost of Attendance. Please review the information below on options for
covering any remaining cost.

Personal Payment Options

Assets/savings: Using assets intended for education in the early years will remove them from future consideration in determining financial aid eligibility. Further, you may
reduce the need for loans in the early years of your education. Loans borrowed for your first years in school may accrue interest for the longest period of time; limiting your
loan borrowing in your first and second years could save you over the long-term.

529 Plan Payments: If you have a college savings plan, be sure to request any distributions well in advance of the due date. Payment must be received by 4 p.m. on the day the bill
is due. Distribution checks need to reference the student's name and UVM ID# (95#) and should be sent to:
University of Vermont
PO Box 1306
Williston, VT 05495

Monthly Payment Plan

The university has contracted with Tuition Management Services (TMS) to administer a monthly payment plan. The monthly payment plan allows payment of tuition and fees, as well as university-charged room and board, over a 10-month period (July 1st – April 1st). The payment plan can also be used to cover a portion of the student's total charges. This plan is available to all students for a fee of $100/year. A single-semester plan is also available for $75. To get started, contact TMS online or at 1-800-722-4867.

Note: TMS does not have access to a student's bill. It is the student's responsibility to ensure the monthly payment plan is set up for enough
to cover all charges. If you aren't sure how much to set your payment plan up for, contact Student Financial Services for assistance.

We can defer the portion of a student's bill that will be covered by external scholarship assistance if you make note of this assistance when responding to your bill and
provide us with a copy of the award or notification letter. Financial aid recipients must notify Student Financial Services if you are receiving any outside scholarships. These
scholarships may affect other financial aid that you have been awarded.

Loan Financing

Federal Direct Parent PLUS Loan: Parents of dependent students may apply to cover educational expenses with a Federal Direct Parent PLUS Loan.
The maximum loan amount is the total cost of attendance less any other financial aid that a
student accepts (including loans, scholarships, grants, and work study). Credit approval is required in order to borrow the loan. The application is submitted to and
approval determined by the U.S. Department of Education or one of its agents. For more information about the Federal Direct Parent PLUS Loan and for instructions on how
to apply, please visit our PLUS Loan page.

Alternative loans for students: Alternative or private student loans are an option for
dependent students whose parents are not pursuing the Federal Direct Parent PLUS Loan or for independent
students who need additional loans to supplement other financial assistance. UVM recommends that
dependent students consider the benefits of the Federal Direct Parent PLUS Loan before borrowing
a private student loan. Federal loans are generally more attractive than alternative loans. We strongly
recommend you to use your federal loan eligibility before borrowing private loans.
Learn more about alternative student loans.